Wednesday, 15th July ’20

The Morning Tea

Good morning, allow us to give you a refreshing start to your day. COVID cases in India to cross 9 lakh as several states impose lockdown. We request you to stay at home and stay safe. 

Today it is National Give Something Away Day. Let’s make a small contribution towards something. Be it a phone call to a dear one or bread to a street animal. Make today count. Carpe Diem!

MARKETS

  • Markets: Foreign brokerages see RBI slashing 50-75 bps more by October as inflation seen plunging to 2-2.5%. RIL’s 43rd AGM on 15th July where Mukesh Ambani will address 100,000 shareholders through a brand new virtual platform. Economy takes a dip as  all sectoral indices are in red except pharma.
  • Trade: India-European Union trade deal could get a fresh lease of life as New Delhi and European Nations seek to cut economic over-dependence on some countries. PM Narendra Modi will be attending a virtual summit with the leaders of EU.

TECHNOLOGY & INNOVATION

WHAT ELSE IS COOKING

  • Asia-Pacific Airlines register losses due to virus: According to International Air Transport Association, airlines operating in Asia-Pacific (including India) will register losses of $29 billion in 2020. With a 53.8% drop in passenger demand, 39.2% reduction in capacity the loss has been accounted as $30.09 per passenger. The global aviation industry is expected to see a loss of $84.3 billion in 2020 due to COVID-19 pandemic.
  • UN reports COVID-19 to exacerbate wasting, child and adult obesity: The report estimated that at least another 83 million people and 132 million globally may go hungry in 2020 as a result of the economic recession triggered by COVID-19. By 2030, the number of people affected by hunger will surpass 840 million, which is 9.8% of the population, says State of Food Security and Nutrition in the World, a global study tracking progress towards ending hunger and malnutrition.
  • China to impose retaliatory sanctions on Lockheed Martin: China said it would impose sanctions on Lockheed Martin Corp. in response to U.S. approval of a possible deal for Taiwan to buy parts to refurbish defensive missiles built by the company. The US State Department last week approved a possible $620 million foreign military deal for the island to buy parts to refurbish previously sold Patriot Advanced Capability-3 (PAC-3) missiles so that they can last 30 years.

IN-DEPTH ANALYSIS

Government’s proposal for a Unified Gas Price System. 

What are the key highlights?

The proposal consists of a unified price system with one price for those transporting gas within 300km and one price for those transporting beyond 300km.

What is the aim behind the proposal?

  • Cut down the transportation cost of natural gas by setting a fixed tariff on its transportation for longer distances
  • Increase the share of natural gas in energy basket from around 6% to 25% by 2030 

What are the challenges posed by the current price system?

  • As all of India’s imported natural gas arrives at terminals on west coast, it leads to increased cost for buyers located further east
  • Currently the transportation cost accounts for around 10% of the final landing price of the gas

How are the current tariffs set?

  • Tariffs for gas transportation are set by the Petroleum and Natural Gas Regulatory Board separately for each pipeline
  • Tariffs are divided into zones of 300kms, with the tariffs increasing for zones further away from the point where the gas in injected
  • If a buyer needs multiple pipelines even from the same operator, transport tariff would increase

MORNING TEA BREAK- Listicle

Here’s a list of the top women leaders in the AI industry for the year 2020. Among them, they boast a considerable expertise in the field of data science and AI leadership, in research, innovations and patents. 

  • Amarjeet Kaur – Research scientist at Tech Mahindra
  • Apurva Madiraju – VP of Swiss Re Business Solutions
  • Bindu Narayan – AI Leader at EY GDS 
  • Chitrita Nath – Digital & Analytics Leader, Shell
  • Dr Swati Jain – VP, Decision Analytics at EXL
  • Harita Gupta – Country Head, India & Global at Sutherland
  • Heena Purohit – Senior Product Manager of IBM Watson
  • Jaya Vaidyanathan – CEO, BCT Digital of Bahwan CyberTek
  • Lakshya Sivaramakrishnan – Tech Evangelist at Google via Wipro
  • Mamta Aggarwal Rajnayak – Retail Analytics CoP Lead at Accenture Solution

THE MILLIONAIRE MINDSET

Knowledge Check – Quality Score is scored on a 1-10 scale and is an estimate of the quality of your ads, keywords, and landing pages on search engines like Google. CTR is used to gauge how well your keywords and ads are performing. Ad relevance is a status that measures the message match between your keyword and your ad. Landing page experience indicates how relevant your landing page is to your ad and to the user’s query.

Practice: Building a skill with time is akin to acquiring an asset. Maxwell Maltz remarked that it takes 21 days to form a habit. Seth Godin writes that if you invest 100 hours in a rare skill, you’re likely to acquire it. In outliers, Malcolm Gladwell postulated that in order to become an expert or master performer in a given field, it takes10,000 hours of practice. Robert Greene, in his book mastery, says that the time that leads to mastery is dependent on the intensity of our focus. 

Written by Kumar Sourav Mohanty, Akansh Bhatt, and Shashank Dobhal

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